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Gree Electric Appliances of Zhuhai (SZSE:000651) EBIT : ¥37,990 Mil (TTM As of Sep. 2024)


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What is Gree Electric Appliances of Zhuhai EBIT?

Gree Electric Appliances of Zhuhai's earnings before interest and taxes (EBIT) for the three months ended in Sep. 2024 was ¥9,821 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Sep. 2024 was ¥37,990 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Gree Electric Appliances of Zhuhai's annualized ROC % for the quarter that ended in Sep. 2024 was 9.36%. Gree Electric Appliances of Zhuhai's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 93.63%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. Gree Electric Appliances of Zhuhai's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Sep. 2024 was 17.62%.


Gree Electric Appliances of Zhuhai EBIT Historical Data

The historical data trend for Gree Electric Appliances of Zhuhai's EBIT can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Gree Electric Appliances of Zhuhai EBIT Chart

Gree Electric Appliances of Zhuhai Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
EBIT
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29,357.20 26,313.77 26,808.38 30,054.13 35,777.91

Gree Electric Appliances of Zhuhai Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
EBIT Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9,061.86 10,529.91 6,014.27 11,624.20 9,821.31

Competitive Comparison of Gree Electric Appliances of Zhuhai's EBIT

For the Furnishings, Fixtures & Appliances subindustry, Gree Electric Appliances of Zhuhai's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Gree Electric Appliances of Zhuhai's EV-to-EBIT Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Gree Electric Appliances of Zhuhai's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where Gree Electric Appliances of Zhuhai's EV-to-EBIT falls into.


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Gree Electric Appliances of Zhuhai EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ¥37,990 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Gree Electric Appliances of Zhuhai  (SZSE:000651) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Gree Electric Appliances of Zhuhai's annualized ROC % for the quarter that ended in Sep. 2024 is calculated as:

ROC % (Q: Sep. 2024 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Jun. 2024 ) + Invested Capital (Q: Sep. 2024 ))/ count )
=33930.76 * ( 1 - 21.24% )/( (285910.11 + 285131.968)/ 2 )
=26723.866576/285521.039
=9.36 %

where

Invested Capital(Q: Jun. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=384555.509 - 92542.364 - ( 131468.336 - max(0, 228163.857 - 234266.892+131468.336))
=285910.11

Invested Capital(Q: Sep. 2024 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=370710.991 - 73564.274 - ( 125935.841 - max(0, 211685.367 - 223700.116+125935.841))
=285131.968

Note: The Operating Income data used here is four times the quarterly (Sep. 2024) data.

2. Joel Greenblatt's definition of Return on Capital:

Gree Electric Appliances of Zhuhai's annualized ROC (Joel Greenblatt) % for the quarter that ended in Sep. 2024 is calculated as:

ROC (Joel Greenblatt) %(Q: Sep. 2024 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Jun. 2024  Q: Sep. 2024
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=39285.256/( ( (41900.751 + max(-85022.093, 0)) + (42014.518 + max(-68122.904, 0)) )/ 2 )
=39285.256/( ( 41900.751 + 42014.518 )/ 2 )
=39285.256/41957.6345
=93.63 %

where Working Capital is:

Working Capital(Q: Jun. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(20964.904 + 29123.42 + 34166.443) - (92542.364 + 0 + 76734.496)
=-85022.093

Working Capital(Q: Sep. 2024 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(18588.335 + 25337.318 + 34435.291) - (73564.274 + 0 + 72919.574)
=-68122.904

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Sep. 2024) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

Gree Electric Appliances of Zhuhai's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %=EBIT (TTM)/Enterprise Value (Q: Sep. 2024 )
=37989.687/215587.334
=17.62 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Gree Electric Appliances of Zhuhai EBIT Related Terms

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Gree Electric Appliances of Zhuhai Business Description

Traded in Other Exchanges
N/A
Address
Jinji West Road, Qianshan, Guangdong Province, Zhuhai, CHN, 519070
Gree Electric Appliances is one of the largest heating, ventilating, and air conditioning, or HVAC, product manufacturers in China, with key products such as residential and commercial air conditioners. Gree generates over 80% of sales domestically and is backed by China's Zhuhai local government. Air conditioners remain the biggest contributor to Gree's earnings, with an over 70% representation over the years. The company has also made forays into industrial component parts, photovoltaic equipment, new energy vehicles, and battery production. As of March 2024, Chairwoman Dong Mingzhu and privately owned investment entity Zhuhai Mingjun collectively held 17% of its total equity interest, while state-owned Zhuhai Gree Group owned 3.4%.
Executives
Deng Xiao Bo Secretary, Director
Duan Xiu Feng Supervisors
Zhang Wei Director
Tan Jian Ming Executives
Huang Hui Directors, executives
Zhang Jun Du Director
Xu Zi Fa Director
Dong Ming Zhu Directors, executives
Liu Jun Executives
Wang Jing Dong Directors, executives
Yang Yong Xing Securities Affairs Representative
Chen Wei Cai Executives
Wang Li Qin Supervisors
Meng Xiang Kai Director
Zhuang Pei Executives

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